Zacks Investment Research Lowers Hollysys Automation Technologies (HOLI) to Hold

Zacks Investment Research downgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “

Several other equities analysts also recently issued reports on HOLI. ValuEngine downgraded Hollysys Automation Technologies from a buy rating to a hold rating in a research report on Wednesday, June 27th. BidaskClub downgraded Hollysys Automation Technologies from a sell rating to a strong sell rating in a research report on Wednesday, May 9th. JPMorgan Chase & Co. upgraded Hollysys Automation Technologies from a neutral rating to an overweight rating in a research report on Tuesday, May 15th. Finally, Citigroup upgraded Hollysys Automation Technologies from a neutral rating to a buy rating in a research report on Tuesday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $22.33.



Shares of NASDAQ HOLI opened at $23.35 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.96 and a quick ratio of 2.79. The company has a market cap of $1.42 billion, a PE ratio of 20.13 and a beta of 1.65. Hollysys Automation Technologies has a 12-month low of $17.90 and a 12-month high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The business had revenue of $147.24 million for the quarter, compared to analyst estimates of $141.59 million. Hollysys Automation Technologies had a return on equity of 13.10% and a net margin of 19.02%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. analysts predict that Hollysys Automation Technologies will post 1.83 earnings per share for the current year.

A number of large investors have recently made changes to their positions in HOLI. BlackRock Inc. raised its holdings in Hollysys Automation Technologies by 672,150.0% during the fourth quarter. BlackRock Inc. now owns 94,115 shares of the industrial products company’s stock worth $2,096,000 after purchasing an additional 94,101 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Hollysys Automation Technologies during the fourth quarter worth approximately $1,279,000. Deutsche Bank AG raised its holdings in Hollysys Automation Technologies by 66.6% during the fourth quarter. Deutsche Bank AG now owns 48,777 shares of the industrial products company’s stock worth $1,086,000 after purchasing an additional 19,506 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Hollysys Automation Technologies by 91.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 63,050 shares of the industrial products company’s stock worth $1,404,000 after purchasing an additional 30,159 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hollysys Automation Technologies during the first quarter worth approximately $946,000. 71.29% of the stock is currently owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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